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Ed Slott and Company IRA Technical Consultant Jeffrey Levine discusses 3 key factors you need to know when planning or thinking about a Roth IRA contribution. You can view the video below and make sure to subscribe to our IRAtv YouTube page for the latest IRA, retirement and tax planning videos.

I read this from Alan “2) If the plan has basis from after tax contributions, allocating this entire basis to...

IRA distributions that you take before age 59 ½ are considered early distributions that are subject to an IRS 10% early distribution penalty unless an exception applies. For IRAs, there are many exceptions to the penalty including death, disability, higher education, and others. A lesser known exception to the penalty applies if you use IRA funds to buy your first house.

Approximately half of all Americans work for employers that currently don't have a retirement plan. That works out to be around 78 million employees. This issue, combined with a declining national savings rate and the projected funding problems of the Social Security system, has forced some lawmakers to propose ways to entice Americans to increase their savings for retirement. One example of such proposed legislation is the Automatic IRA.

This week's Slott Report Mailbag focuses on Roth IRAs and answers some of the more popular questions we receive. Should I go through with a Roth IRA conversion? Do I have to take required minimum distributions (RMDs) from my Roth IRA? Click to read a Q&A with our IRA Technical Expert.

When managing your retirement account, you should be aware of the unexpected ways those employer-sponsored or IRA accounts could actually COST you. Jeffrey Levine details 3 of those situations in the article below.

On May 22nd, Congressman Richard E. Neal (D-MA) introduced H.R. 2117, The Retirement Plan Simplification and Enhancement Act of 2013, in the House of Representatives. H.R. 2117 is proposed legislation that is intended to boost retirement savings.

Following are two issues: 1- On April 29th I recharacterized a Roth IRA opened in 2012. I intended to open...

Ed Slott's Elite IRA Advisor Group is a membership group of financial advisors who are committed to their IRA education and serving their clients' best financial and retirement planning interests. At our last workshop this May in Dallas, Texas, Ed Slott and Company IRA Technical Consultant Jeffrey Levine spent some time with several members to get their perspective on the educational expertise they receive and how it has elevated their standing in the industry and enhanced their business. Below are two roundtable discussions with seven members of Ed Slott's Elite IRA Advisor Group.

Good Afternoon My understanding is trust’s are subject to the new 3.8% investment surtax upon the trust accummulating $11,950 of...